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Business & Finance

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Spotted: ADSB Gets First Floating Dock
Business & Finance

Spotted: ADSB Gets First Floating Dock

In today’s spotted we bring you a newly opened floating dock, located in Mina Zayed, UAE, and owned by Abu Dhabi Ship Building PJSC (ADSB), a provider of construction, repair and refit services for naval, military and commercial vessels. The floating dock was commissioned in mid-July and received it

about 10 years ago
GMS set to clinch liftboat charter in Europe
Business & Finance

GMS set to clinch liftboat charter in Europe

UAE’s Gulf Marine Services (GMS), a provider of advanced self-propelled self-elevating support vessels has secured a letter of intent for the charter of one of its offshore units The company on Monday said that under the proposed charter, the company would lease a large class vessel in the oil and g

about 10 years ago
Van Oord Delivers Ground Improvement Project in Kuwait
Business & Finance

Van Oord Delivers Ground Improvement Project in Kuwait

Van Oord successfully executed the impressive ground improvement project for client Kuwait National Petroleum Company (KNPC). The project, which started in 2014, involved the reclamation of 65 million cubic meters of sand and extensive soil improvement. The reclamation area of 1,320 ha is intended f

about 10 years ago
Abu Dhabi Ports Starts Expansion of Khalifa Port
Business & Finance

Abu Dhabi Ports Starts Expansion of Khalifa Port

Port developer and operator Abu Dhabi Ports has unveiled an expansion plan for Khalifa Port, a deepwater semi-automated container port, to enhance its operational readiness to handle larger container and cargo ships. The expansion at Khalifa Port will add 1,000 meters of quay wall to the port and de

about 10 years ago
NMDC to Dredge Khalifa Port
Business & Finance

NMDC to Dredge Khalifa Port

Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s ports and Khalifa Industrial Zone, has announced a major expansion plan for the Khalifa Port. The expansion at Khalifa Port will add 1000 meters of quay wall to the port and deepen its main channel and basin to 18 meters fr

about 10 years ago
Drewry: Container Shipping Rates See Signs of Reversal
Business & Finance

Drewry: Container Shipping Rates See Signs of Reversal

Volatility in container shipping freight rates is expected to remain very high as long as over-capacity and carrier industry instability continue, according to shipping consultancy Drewry. Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes

about 10 years ago
Hapag-Lloyd’s Shareholders Approve UASC Merger Terms
Business & Finance

Hapag-Lloyd’s Shareholders Approve UASC Merger Terms

German shipping company Hapag-Lloyd has received an approval from its shareholders during the company’s annual general meeting held on Friday on creating the capital conditions required for the planned merger with the Arabian carrier United Arab Shipping Company (UASC). Hapag-Lloyd’s shareholders ap

about 10 years ago
Readers’ Picks of the Week (August 22 – 26, 2016)
Business & Finance

Readers’ Picks of the Week (August 22 – 26, 2016)

Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt Ahead of Hapag-Lloyd’s annual general meeting, the German company has revealed the financials of its merger partner Dubai-based UASC, which include the Arab carrier’s total financial debts of USD 4 billion as at the end of June 2016… Read More Bos

about 10 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Dredging Today brings you an overview of the most popular stories from the past week (August 22-28, 2016). Damen Repairs Van Oord’s Two Split Hopper Barges Damen Shiprepair Vlissingen recently completed a broad scope of maintenance and repair works on the Van Oord-owned Split Hopper Barges Jan Bla

about 10 years ago
MSC to Add New Cheetah Service
Business & Finance

MSC to Add New Cheetah Service

Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to launch a new weekly container service connecting East Africa, Middle East, Pakistan and India, the Cheetah Service, starting from September this year. The company said it will deploy five 2,200 TEU vessels on the route. The new

about 10 years ago
Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt
Business & Finance

Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt

Ahead of Hapag-Lloyd’s annual general meeting, the German company has revealed the financials of its merger partner Dubai-based shipping firm United Arab Shipping Company (UASC), which include the Arab carrier’s total financial debts of USD 4 billion as at the end of June 2016, according to Alphalin

about 10 years ago
APL to Launch India Pakistan Europe Service
Business & Finance

APL to Launch India Pakistan Europe Service

Singapore-based container shipping company APL plans to set up a new weekly service – the India Pakistan Europe (IPE) Service, that will connect India and Pakistan to major ports in Europe starting from October. The IPE service will call the ports of Port Qasim (Pakistan), Nhava Sheva, Hazira, Mundr

about 10 years ago
Daya spills the beans on Schlumberger contract value
Business & Finance

Daya spills the beans on Schlumberger contract value

Afer it last week informed the market on winning a contract with Schlumberger, Malaysian company Daya Materials Berhad on Tuesday shared more details. The company last week said it had won a deal to provide well services to Schlumberger in Saudi Arabia over a three-year period. In an update on Tuesd

about 10 years ago
Nakilat’s Gas Carriers to Get VSAT Technology
Business & Finance

Nakilat’s Gas Carriers to Get VSAT Technology

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has entered into a contract with Global Eagle Entertainment’s Emerging Markets Communications (EMC) service line that will provide marine VSAT (Very-Small-Aperture Terminal) services for the company’s LPG and LNG vessels. Under

about 10 years ago
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